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fanC merges Web2 and Web3 technologies, facilitating connections among creators, users, and social platforms to promote content ownership and user involvement in platform operations, ultimately enabling profit-sharing. The initiative aspires to initiate a new era of social AI platforms through enhanced interconnectivity among participants, safeguarding creator rights, and boosting user engagement.
David Lee, the CEO of fanC Foundation, possesses a rich background in Computer Engineering and Finance. He spearheads innovative projects that harness blockchain technology and financial services.
fanC features CELEBe, a rewards platform, and fanC Wallet, which facilitates point conversion and virtual asset management, supporting multiple blockchains and offline payment options.
The goal of fanC is to integrate various social platforms with Web3, ensuring equitable compensation for content creators and users, broadening the Web3 experience, and fostering the growth of the virtual asset market. The project aims to create a digital platform where users and creators can communicate and collaborate freely, enhancing digital experiences and creative endeavors while making social media interactions more meaningful and rewarding.
fanC includes CELEBe and fanC Wallet.
CELEBe is a short-form rewards platform that values viewers by allowing them to earn rewards while consuming content. It features an innovative Watch to Earn (W2E) system, the first of its kind in South Korea, where viewers accumulate points for watching short videos. CELEBe also introduces CELPICK, a voting game, and Shortply, a forthcoming curation service, all aimed at building a sustainable ecosystem for both viewers and creators. With over 7.5 million members and a notable increase in engagement (app retention rose from 5% to 20% within a year), CELEBe is dedicated to nurturing a vibrant community. The platform also implements a Create to Earn (C2E) model, rewarding creators and enabling point exchanges through the fanC Wallet.
Points earned through CELEBe activities can be converted into fanC tokens via the fanC Wallet. This virtual asset wallet, developed by fanC, allows for the storage of virtual assets, point swapping, Dapp, and third-party app connectivity. It supports various blockchains, including Ethereum and fanC Token, and can store fanC Point, CELEBe Point, and DAEMDAEM Point (Tmoney).
The fanC Wallet provides a seamless environment for utilizing tokens and points within the fanC ecosystem. Users can easily convert tokens into points and use them for payments or discounts at partner locations. The wallet also supports offline payments and discounts through tokens and points on mobile devices, with plans for expansion to PCs and other web browsers.
